According to figures published by the Bermuda Stock Exchange (BSX) and the Artemis Deal Directory & Dashboard, 62 new transactions resulted in a record amount of catastrophe bonds being issued in 2017 ($12.56 billion), with ILS listings on the BSX also reaching a high of almost $26 billion.

Appleby, whose Bermuda office has considerable experience in the insurance sector, was involved in more than two-thirds of the Bermuda-based deals and the majority of all the deals globally. These transactions were some of the highest value and innovative catastrophe bonds issued during 2017, including new and repeat issuers as well as collateralised reinsurance (or “cat bond lite”) structures.

Should you have any queries or wish to obtain any advice regarding ILS transactions, please do not hesitate to contact our insurance specialists.

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